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Discussion in 'Open Discussion' started by RT_Panther, Mar 8, 2013.
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Yeah, I've seen that elsewhere. New E-P5 with a 3-D telepathic VF ain't going to fix that.
It looks like we'll have to continue to purchase lens hoods separately....
Surprising. Didn't they start selling em5 in 2012?? With a hit, the loss is the greatest in years?
It's through March 2012.
OK... the downward trend is not good... but if Olympus fiscal year ends 31 march as stated at top of the table, then those numbers published must represent march 2011 to 2012...not March 2012 until 22 days from now...so there are no OMD and anything else launched since last march in those numbers.
year on year olympus have done badly overall across all divisions last year..that may just reflect the scandal which way more than a year ago
It's down year on year for every year on that page from 2008. Not a good sign for any company.
'Olympus Imaging Division - Dollars & Cents'
What's particularly disturbing is those numbers are WITH the monkeying around and "grey area" financial reporting allowed in Japan!
Remember they spent that timeframe giving up an entire market and an entire line of cameras. What else was going to happen? ILC doesn't have the volume to sub in for DSLRs, not even Four Thirds DSLRs.
Are you saying that if Olymus had kept updating their Four Thirds line, they might show less of a loss or possibly even a profit in the Imaging Division
Unfortunately the numbers to March 2013 are not going to be any better - in fact they are going to be worse.
At third quarter results Olympus gave forecasts for the full year for its imaging division - sales to fall from 128bn to 110bn yen and losses to increase from 10bn yen to 16bn yen. So really the EM5 has done nothing to stem the decline in their business.
As someone else pointed out, the numbers themselves probably dont tell the 'real' story of the profitability of the division. Further down the P+L you will see that there are a further 25bn yen annual 'corporate' costs that are a separate line item. So it is quite likely that quite a lot of the 'imaging divisions' annual overhead isnt actually directly attributable to the 'division'.
The interesting comparison would be to compare the figures against Canon Nikon and Sonys imaging divisions and not just sales/turnover but gross margin.
I am sure it wont look pretty ... but dont think any camera manufacturer is doing well right now
Well both Canon and Nikon imaging divisions are profitable. Canon makes a 14.9% operating margin and Nikon 9.2% for 2012.
I dont think any other camera cos are profitable. On the other hand I doubt that many imaging divisions have a worse operating loss margin than Olympus's 14.5% to March 2013 on the basis that you clearly arent going to be in business long with that sort of margin.
Canon's profits were flat on slightly increased sales in 2012. They expect profits to grow 35% in 2013 on sales up 12%.
Where does the infusion of cash from Sony figure into this equation??
Olympus and Sony confirm $397m tie-up to provide much-needed investment: Digital Photography Review